Memorial Park
- Assets
- $30.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Tulsa, OK
- Founding
- 01/1938
- Data as of
- 12/2021
- EIN
- 73-0351435
Organization Overview
Memorial Park is located in Tulsa, OK. The organization was established in 1938. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Memorial Park employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Park is a 501(c)(13) and as such, is described as a "Cemetery Company" by the IRS.
For the year ending 12/2021, Memorial Park generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMORIAL PARK CEMETERY IS DEDICATED TO PROVIDING A BEAUTIFUL RESTING PLACE FOR DECEASED INDIVIDUALS AND A TRANQUIL ATMOSPHERE FOR THEIR LOVED ONES TO REFLECT AND REMEMBER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NON-PROFIT PUBLIC TRUST CREATED UNDER THE JURISDICTION OF TULSA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederic N Schneider III Trustee | Trustee | 30 | $142,279 |
Russell R Linker II Former Trustee | 30 | $119,604 | |
Thomas Robertson Trustee 2022 Trustee | Trustee | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bible Memorials Grave Memorials | 12/30/21 | $105,611 |
T And M Lawncare Lawncare | 12/30/21 | $383,634 |
Matthews International Corp Grave Memorials | 12/30/21 | $266,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,308,938 |
| Investment income | $918,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $859,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,086,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,045,273 |
| Pension plan accruals and contributions | $32,507 |
| Other employee benefits | $360,894 |
| Payroll taxes | $108,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,198 |
| Fees for services: Accounting | $5,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $235,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,498 |
| Office expenses | $58,158 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,052 |
| Insurance | $159,839 |
| All other expenses | $260,237 |
| Total functional expenses | $4,682,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,129 |
| Savings and temporary cash investments | $1,081,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $380,079 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,542,581 |
| Investments—publicly traded securities | $22,998,228 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,425,611 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,935 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,160 |
| Total liabilities | $58,095 |
| Net assets without donor restrictions | $6,287,693 |
| Net assets with donor restrictions | $24,079,823 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,425,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Parks Foundation Austin, TX | $18,633,164 | $9,510,875 |
Hollywood Memorial Park Company Houston, TX | $33,442,112 | $5,846,225 |
Parks For Downtown Dallas Dallas, TX | $32,328,636 | $5,039,628 |
Woodall Rodgers Park Foundation Dallas, TX | $79,564,838 | $21,615,495 |
Memorial Park Tulsa, OK | $30,425,611 | $5,086,019 |
Steamboat Health & Recreation Association Steamboat Springs, CO | $16,901,518 | $6,123,576 |
Pease Park Conservancy Austin, TX | $3,299,549 | $1,315,940 |
Rocky Mountain Conservancy Estes Park, CO | $24,888,812 | $7,143,663 |
Spark Houston, TX | $2,148,796 | $3,269,886 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Linda Pace Foundation San Antonio, TX | $85,448,768 | $4,905,864 |
Ramah In The Rockies Denver, CO | $14,278,108 | $2,853,813 |